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83-C
A RESOLU~ION~OF THE CITY ©F BOYNTON ~EACH FLORIDA, REDUCING~THE PERFO~-£~CE BOND FOR PHASE 1 OF IMPROVEMENTS TO AN AREA OF LAKE BOYNTON ESTATES WHEREAS, a request has been received including an an estimate of the value of inco]~pleted ~ork, and WHEREAS, ~he City Engineer and Director of Utilities have made their recommendations to reduce the bond. NOW THEREFORE, BY IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF BOYNTON BEACH, FLORIDA: Section 1. The surety bond No. 82752 in the amount of $65,403 previously posted with the City for public improve- ments is hereby released in lieu of a new Performance Bond being furnished the City of Boynton Beach in ~he total amount of $5,000 PASSED AND ADOPTED THIS_~ ~__day of~_ CITY OF BOYNTON BEACH, FLORIDA .1983 By: ATTEST: ity Clerk (Corp. Seal) VJ ,or